The future of work has recently attracted much attention from a variety of institutions, from governments to universities to private companies and news outlets: a simple Google search of the term future of work produces more than two billion results.

Now that the BUILD Act is law, it is time to revisit why the legislation matters and what it implies for agencies such as OPIC and USAID as Daniel Runde and Romina Bandura from CSIS Project on Prosperity and Development writes in a new commentary.

Enterprise funds are an innovative U.S. foreign policy tool created in the early 1990s that use U.S. government funding to stimulate economic development by investing in the private sectors of developing countries.

As of late February 2018, the World Bank Group is seeking a capital increase from its shareholders for the International Bank for Reconstruction and Development. The U.S. role must remain undiminished as it is key to keeping the institution accountable and effective.

Enterprise funds promote entrepreneurship abroad and generate a financial return that benefits the U.S. taxpayer at home. These funds indirectly advance U.S. security by promoting stability overseas by generating economic opportunity.

The debate on the role of the private sector in development is not new. The need to crowd-in private investments for global challenges was first discussed in the creation of the UK’s CDC Group in 1948 and the International Finance Corporation (IFC) in 1956. Now,...